Why AI will create an employment crisis in Latin America and how to address it?
DOI:
https://doi.org/10.61249/pi.vi134.91Keywords:
AI, Robotics, Job Crisis, Employment, FutureAbstract
AI is an enabler of multiple industries which could help us to produce an unprecedented level of wealth. However, by performing various tasks more efficiently than humans and without demanding labor rights, AI will replace a huge number of jobs and generate an employment crisis in the medium term. This crisis will be especially important in Latin America due to the structural conditions of the region's labor market. Additionally, the advancement of AI will create unprecedented inequality, because companies in this field tend toward monopoly. Criteria and lines of action are proposed for Latin American governments to prepare for the coming wave.
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